Scott Rd Waterbury, CT 06705
- Commercial real estate
- 8,704 SF
Current Use by Public Records
- Commercial real estate
Property Details for Scott Rd
- Year built
- 1986
- Property size
- 8,704 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a portfolio of eight two-bedroom condos located in a desirable, high-income area of Waterbury, Connecticut, just a short 10-minute drive from the city's downtown. The property totals 8,704 square feet and sits on a 0-acre lot. Currently, the units are generating below-market rents, presenting a significant value-add potential for a savvy investor. Each condo boasts updated interiors and the convenience of an attached garage. Landlord responsibilities are minimized due to the comprehensive hands-off management provided by the well-maintained condo association, which handles the upkeep and maintenance of the entire complex. This makes this an ideal investment for those seeking a low-maintenance, high-return property. The asking price for this eight-unit portfolio is $1,450,000, offering a compelling entry point into the Waterbury real estate market. The property's location, coupled with its inherent value-add potential and minimal landlord responsibilities, makes it a truly unique and attractive investment opportunity. This is a chance to become the largest owner within this established condo complex.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9959
- Latitude
- 41.5417
